BingX enhances transparency by sponsoring CoinGecko's 2024 Q2 market report
BingX enhances transparency by sponsoring CoinGecko's 2024 Q2 market report
In a move to promote transparency and trust, crypto exchange BingX has partnered with CoinGecko, a leading independent crypto data provider, to sponsor its 2024 Second Quarter Market Report.
The partnership underscores BingX's commitment to providing transparent, reliable and insightful data to the cryptocurrency community.
"BingX and CoinGecko share a common goal: to provide the cryptocurrency community with transparent, accurate, and actionable insights. Sponsoring CoinGecko's quarterly reports reflects our commitment to fostering a trustworthy and transparent trading environment," said Vivien Lin, spokesperson for BingX.
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With a decade of investment banking experience, Vivien regularly shares her weekly insights with the public. Her latest article discusses how cryptocurrencies like BTC are reshaping banking in Latin America amid high inflation, with countries like El Salvador adopting them as legal tender.
CoinGecko is trusted by the industry's top publishers to provide traders with a comprehensive view of the market, delivering accurate, reliable and in-depth information from numerous data points. These include price, volume, market capitalization, contract addresses, and community statistics. BingX's sponsorship ensures access to quality content that enables intelligent decision making for all.
CoinGecko's Q2 Market Report provides a comprehensive update on the landscape. The total market cap decreased by 14.4% ($408.8 billion) to end Q2 at $2.43T, with an average trading volume of $90.8 billion, down 16.9% from Q1. The dominance of BTC and ETH continued to rise, indicating a flight to safety within the crypto markets. The top cryptocurrencies experienced losses, with SOL seeing the largest decline at 27.8%.
The report also analyzes NFT trading volumes across the top 10 chains and platforms, highlighting significant trends and shifts, and provides an overview of the DeFi ecosystem, multi-chain market share, and cross-chain bridge liquidity.
In an industry where data integrity and transparency are critical, CoinGecko stands out as a third party data provider. CoinGecko operates independently, ensuring unbiased data and insights that reflect true market dynamics.
As BingX continues to innovate and expand, the partnership with CoinGecko marks a significant milestone, increasing transparency and reliability for users with unbiased data.
See also: KuCoin celebrates the 2024 Olympics with an exclusive KuCard promotion
